July 19 (Reuters) - Insurance Australia Group Ltd (IAG)
- announces creation of single Australian division with Mark Milliner, currently IAG chief operating officer
- Australia division will simplify operating model by bringing together former australian consumer, australian business, operations and satellite divisions
- continues to expect optimisation program to reduce gross operating costs by annual run rate of at least 10%, or $250 million pre-tax, by end of FY19
- chief executive of australian consumer division, Anthony Justice, has decided to leave IAG.
- Mark Milliner to lead the division as CEO with immediate effect
News: IAG Insurance Australia announces creation of single Australian division
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